Chevy Chase Trust Holdings LLC Purchases 3,429 Shares of Xcel Energy Inc. $XEL

Chevy Chase Trust Holdings LLC boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 306,105 shares of the company’s stock after acquiring an additional 3,429 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Xcel Energy were worth $20,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accent Capital Management LLC bought a new stake in Xcel Energy during the 1st quarter valued at $29,000. BankPlus Trust Department bought a new stake in Xcel Energy during the 1st quarter valued at $34,000. Rise Advisors LLC raised its holdings in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Xcel Energy during the 2nd quarter valued at $44,000. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy during the 2nd quarter valued at $46,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of several research reports. Bank of America upped their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Morgan Stanley decreased their price objective on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Mizuho set a $83.00 price objective on shares of Xcel Energy in a report on Thursday, September 25th. Barclays upped their price objective on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, TD Cowen initiated coverage on shares of Xcel Energy in a report on Thursday. They issued a “buy” rating and a $93.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.92.

Xcel Energy Stock Up 0.1%

NASDAQ:XEL opened at $81.16 on Friday. The firm’s 50-day moving average price is $75.40 and its 200-day moving average price is $71.69. The company has a market capitalization of $48.00 billion, a PE ratio of 22.48, a P/E/G ratio of 2.86 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio is currently 63.16%.

About Xcel Energy

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.